Posts Tagged ‘obama’

US Commerce Department Focuses on Oil Export Policies

by Christopher Lemieuxon June 25, 2014 10:21 pm BST
The United States has restricted the majority of crude exports since 1975, in response to the Arab oil embargo, expect to Canada. In the wake of the massive shale boom and advances in drilling technologies, the US has become a global leader in energy production and less reliant on foreign oil. The US Commerce Department […]

US Jobless Claims Fall as Backlog Clears

by Christopher Lemieuxon October 31, 2013 6:51 pm BST
The US jobless claims fell by 10k to 340k in the week ended October 26, according to the Labor Department. The print was only 1k under analyst estimates of 341k as California clears out some of the large backlog caused by the government shutdown. Nonetheless, there is still one major issue in the US labor […]

Is Congress Playing With Fire? Treasury Sec. Lew Thinks So

by Christopher Lemieuxon October 7, 2013 10:24 am BST
On CNN’s State of the Union program, US Treasury Sec. Jack Lew said Congress is “playing with fire” as the Washington gridlock continues and the government remains shutdown. The problem is that the debt ceiling is will be reached in roughly two weeks and the continued impasse could threaten defaulting on obligations. Mind you that […]

Crude Falls As Middle Eastern Tension Lessens

by Christopher Lemieuxon September 24, 2013 5:33 pm BST
WTI crude falls to the lowest point in over six weeks this session as the treat of a U.S. strike on Syria lessens. However, President Obama and Iran’s Hassan Rohani will meet in regards to Syrian action and Iran’s nuclear program today at the United Nations. Positive talks aiming to resolve conflicts will only gain […]